Germany - Volkswagen agreement concluded - February 28, 2018

In a fourth round of talks, carmaker Volkswagen and trade union IG Metall reached a wage agreement for more than 120,000 workers. Base pay for employees covered by the collective agreement is to be increased by 4.3% as of 1 May 2018. In addition, employees are to receive a one-off payment of €100 for the months from February to April 2018. An additional annual payment of 27.5% of a month's salary from August 2019, which may be converted into six days of leave by special groups of employees, has also been introduced. From July 2019, a monthly payment of 90 euro is to be made to the company pension scheme; from January 2020, the figure will rise to 98 euro. In future, project working time arrangements are to be changed. The collective agreement has a term of 27 months.

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